A worker produces anti-counterfeit stamps at Tien Duong Organic Agricultural Cooperative in Ha Noi. — Photo Nguyen Hoang Despite production and market difficulties due to the pandemic and climate change, many districts, firms and organisations in Ha Noi's agricultural sector have remained strong thanks to the application of science and information technology. It has helped them improve their products’ value and meet the technical requirements of import markets. In the past few years, Ha Noi's agriculture sector has implemented many programmes and solutions to support businesses and cooperatives to promote the application of information technology in the production and processing of agricultural products, which have brought many benefits, such as increasing the product value, food safety management and product information transparency. Tran Sy Hung, Director of Nghia Minh Mushroom Cooperative in Dan Phuong District, said his cooperative had applied information technology in … [Read more...] about Ha Noi applies IT to enhance value of agricultural products
Value added wood products
Hà Nội applies IT to enhance value of agricultural products
A worker produces anti-counterfeit stamps at Tiên Dương Organic Agricultural Cooperative in Hà Nội. Photo Nguyễn Hoàng HÀ NỘI — Despite production and market difficulties due to the pandemic and climate change, many districts, firms and organisations in Hà Nội's agricultural sector have remained strong thanks to the application of science and information technology. It has helped them improve their products’ value and meet the technical requirements of import markets. In the past few years, Hà Nội's agriculture sector has implemented many programmes and solutions to support businesses and cooperatives to promote the application of information technology in the production and processing of agricultural products, which have brought many benefits, such as increasing the product value, food safety management and product information transparency. Trần Sỹ Hùng, Director of Nghĩa Minh Mushroom Cooperative in Đan Phượng District, said his cooperative had applied information technology … [Read more...] about Hà Nội applies IT to enhance value of agricultural products
Hanoi applies IT to enhance value of agricultural products
A worker produces anti-counterfeit stamps at Tien Duong Organic Agricultural Cooperative in Hanoi (Photo: VNA) Hanoi (VNS/VNA) — Despite production and market difficulties due to the pandemic and climate change, many districts, firms and organisations in Hanoi 's agricultural sector have remained strong thanks to the application of science and information technology. It has helped them improve their products’ value and meet the technical requirements of import markets. In the past few years, Hanoi’s agriculture sector has implemented many programmes and solutions to support businesses and cooperatives to promote the application of information technology in the production and processing of agricultural products, which have brought many benefits, such as increasing the product value, food safety management and product information transparency. Tran Sy Hung, Director of Nghia Minh Mushroom cooperative in Dan Phuong district, said his cooperative had applied information … [Read more...] about Hanoi applies IT to enhance value of agricultural products
Rising costs cast doubt on wood companies growth prospects
Inside a wood production line of Truong Thanh Furniture Corporation. (Photo truongthanh.com) Hanoi (VNS/VNA) - As wood export turnover is rebounding with rising demand in the domestic market , the revenues of wood enterprises are expected to advance. However, skyrocketing prices of raw materials and logistics costs will weigh on these companies’ gross profit margin in 2022. VNDIRECT Securities Corporation (VNDIRECT) estimated that the total revenue of listed wood and wood products companies in the first quarter (Q1) of 2022 rose by 10.2% year-on-year thanks to the recovery of wood producers in the south. After the social distancing order was lifted, most wood companies in the southern region resumed operations at 90% capacity in the first quarter of 2022, while in the second half of 2021 it was only 60-65%. The export wood enterprises achieved better business results in Q1 of 2022. Specifically, Truong Thanh Furniture Corporation (HoSE: TTF) and Phu Tai JSC (HoSE: … [Read more...] about Rising costs cast doubt on wood companies growth prospects
Plantations dreaming of FSC status for rubber products
Plantations dreaming of FSC status for rubber products, Photo: Duc Thanh Nguyen Vinh Phuong, the owner of a 150-hectare rubber plantation area in the south-eastern province of Tay Ninh has recently spent more time studying the process of obtaining the FSC certification. Although he is interested in cultivating sustainable rubber, he remains hesitant to implement this process. Phuong pointed out that the rule of a 10-per-cent conservation area seems to be an infeasible requirement for small operators of plantation areas. The rule would mean that Phuong would lose $1,500 over 10 days of rubber tapping if he saved 10 per cent of his 150-ha plantation area for conservation. Besides state-owned companies like Tan Bien Rubber and Tay Ninh Rubber, there are 12 private firms competing to source rubber. Phuong was certain that he would not lose VND105 million ($4,520) per month during the tough market caused by rising production expenses, the shortage of rubber tappers and the … [Read more...] about Plantations dreaming of FSC status for rubber products
MoF proposes reductions for four types of taxes on petroleum products
The high petrol prices have hindered economic recovery. (Photo: SGGP) Thus, along with the solution to cut the environmental protection tax rate for gasoline, oil, and grease products to the floor level in the tax bracket until December 31, 2022, and the solution to reduce the MFN tax rate, the MoF has continued to put forward more tax cuts to help lower gasoline and oil prices. Up to now, the MoF has proposed to reduce four types of taxes on this essential product. According to the MoF, it is crucial to slash the MFN tax rate to 12 percent for gasoline to diversify petroleum supply to avoid being passive by depending on import sources from South Korea and the ASEAN only. Besides, people and businesses will directly benefit from tax reductions on gasoline and oil products, thereby contributing to directly reducing consumers’ expenses as well as indirect costs from other consumer products. Previously, because petrol and oil prices have continuously climbed and are currently … [Read more...] about MoF proposes reductions for four types of taxes on petroleum products
